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Property profile & analytics
OFF-MARKET Estimated value $585,000
Showrooms

55 Main St Woonsocket, RI 02895-4312

19,791 SF 0.41 ac lot Built 1900
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US76-0137070
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a unique chance to acquire The Call Building, a substantial mixed-use property situated at 55 Main St, Woonsocket, Rhode Island, 02895. The 104,000 square foot building, constructed in 1928 and extensively renovated in 2025, boasts a commanding presence on a 1.42-acre lot. Currently vacant, this six-story structure offers 81 units, comprising 73 residential apartments and 8 commercial spaces. The property is zoned C1, providing flexibility for various uses. With ample parking for 20 vehicles, this investment is ideally positioned for significant returns. The sale includes four land parcels (14-336, 14-383, 14-331, and 14E-405), adding to its considerable value. The asking price is $3,450,000, translating to $33.17 per square foot. This is a partially finished project, presenting a unique opportunity for an investor to complete the renovation and capitalize on the high demand for residential and commercial space in this vibrant Rhode Island city. The property's prime location on Main Street ensures high visibility and accessibility. This is a rare chance to acquire a large-scale mixed-use property in a growing market. Don't miss this chance to transform this landmark building into a thriving commercial and residential hub.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 19,791 SF
Lot 0.41 ac (17,835 SF)
Zoning code MU2
APN WOON M:14E L:336 U:9
UPID US76-0137070
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tides Family Services Social Service Agency Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$635k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$585k
Owner & transaction history
55 Main St LLC · 3 yrs held
55 Main St LLC
since 2023
Last sale
$560,000
7 recorded transactions
2023
$560,000
2022
Price N/A
2022
Price N/A
2021
Price N/A
2021
$23,375
2020
$18,956
2017
Price N/A
Zoning & alternative use
MU2 · Woonsocket, RI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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